State the political impact of globalization on the world?
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Political Consequences: (i) Globalisation results in an erosion of state capacity. (ii) The old 'welfare state' is now giving way to a more minimalist state. ... (iv) The entry and the increased role of MNC all over the world leads to a reduction in the capacity of governments to take decisions on their own.
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Political globalization refers to the growth of the worldwide political system, both in size and complexity. That system includes national governments, their governmental and intergovernmental organizations as well as government-independent elements of global civil society such as international non-governmental organizations and social movement organizations. One of the key aspects of the political globalization is the declining importance of the nation-state and the rise of other actors on the political scene. The creation and existence of the United Nations is called one of the classic examples of political globalization.
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